‘Mad Money’ Accurately Depicts Stock Market For First Time In Show’s History

Story by Ben Plowman 

| Published Oct 28, 2008

Jim Cramer’s weekday stock advice television program on CNBC, “Mad Money,” marked a major milestone this past week after the show’s typically hyperbolic nature accurately matched the state of financial markets for the first time in the show’s history.

On Wednesday, Oct. 22’s episode, Jim Cramer correctly stated, “It’s the Apocalypse!” before interjecting an apt machine gun sound effect, sources reported.
    
“Mad Money” has long received criticism that Cramer’s advice is on average a little worse than selecting stocks at random, or that the show is little more than entertainment.

Cramer seemingly allayed these concerns this past week, however, after throwing a chair at a large sheet of glass and asking, “What is going on with Wall Street?” before repeatedly playing the sound of a bear growling, suggesting with uncharacteristic reason that a recession may be close at hand.
    
During the episode’s “Lightning Round,” where Cramer critiques stock picks put forth by callers, Cramer told every caller in turn that all stocks were probably too risky right now for the average investor.

When one caller attempted to argue with this point, Cramer pretended to curl up in a sleeping bag and fall asleep, correctly asserting that the caller’s opinions were likely so wrong that they were making Cramer sleepy.